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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (10626)	10/31/2000 3:47:06 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

hey LeftBrainWannabee, notes from John Bollinger on cnbc several key points, almost all positive: - commodity indexes are showing top behavior, likely to see somewhat lower prices soon (oil and energy is the only exception with higher price -- grains, lumber, metals all lower) - Dow Transport had a nice recovery, indicating it sees across the valley at a healthy economy in 6-9 months (energy might not be the problem once foreseen) - Federal Reserve probably finished with tightening cycle.. we can probably see a neutral stance soon.. they might even cut rates in the first half of next year - the bond yield curve still is inverted, which serves as a brake on the economy (yield curve is a significant indicator of Fed policy) me: the Federal Reserve is playing a dangerous game, continuing to maintain higher shorterm interest rates to slow down the economy... evidence abounds for easing... imo the stock market now has essentially placed the Fed in a "neutral stance" in an unofficial manner fear of inflation is an utter utter utter joke... high energy costs subdue the entire economy perhaps to a greater degree than higher interest rates excellent to see CSCO over 54 and holding late in the day... investors said BULLSHIT to the Lehmann absurd target of 60-65 yday... that should be investigated by SEC, along with the RMBS story today I hold: JDSU up 10, SDLI up 38, CIEN up 12... oh yeah and my buddies like EXTR up 11 JDSU showing heavy imbalance on buy side near close, good sign (JDSU has 18day MA at 87) very healthy NazComp action... was up 185, then 150, now 165... leave something for tomorrow with a running start... yesterday I said I expected 2-3 days in the next few weeks with Naz up over 125 pts... one down, 1-2 to go... thanku vermuch but... Naz 18day MA is here at 3360, and offers resistance... we must surpass it comfortably... above that is the 30day MA at 3480... then comes 50day MA at 3580... we are still recovering from lows and oversold conditions... as long as that is the case, Naz Moving Averages will be resistant, leading to QQQ selling your intrepid reporter / jim